In Alaska bankruptcy law there are numerous circumstances where a chapter 13 is more accepted than chapter 7.
Chapter 13 is applicable only when you are overdue on your credit or trade expenses.
Thus you wish to keep your possessions either in any other state or in Alaska itself after the ending of the bankruptcy procedure.
Chapter 7 bankruptcy washes out your sum unpaid and helps you to get a new start.
Here the trustee put up your assets for sale and pays you the amount which in turn is helpful to pay off your creditors.
Process of bankruptcy
- Bankruptcy act credit counseling
- Bankruptcy act means test
- Gathering paperwork
- Filling bankruptcy
- Chapter 13 requirements